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“That reality persists in the Salinas of today – an area at the sharp edge of a national affordability crisis that is reshaping politics across the US, and much of the rest of the world.”

“The threat of a renewed round of inflation from the persistently high cost of oil has spooked investors, who believe central banks will be forced to raise rates in the coming months to prevent price increases from becoming embedded.”

“Australians by insisting that government spending was not responsible for high inflation, blaming instead higher fuel costs associated with the ongoing US-Israel war on Iran.”

“The RBA governor, Michele Bullock, has warned workers and businesses could lift their prices and wage demands as they start to expect persistent high inflation.”

“He said consumers were “feeling the pinch” against a backdrop of persistent inflation, and the “continuity and clarity” of Aldi’s range of cheap groceries had attracted 425,300 more customers.”

“Poll numbers are tumbling to historic depths, driven by persistent inflation, rising fuel costs and an increasingly unpopular war in Iran.”

“…eting of the Federal Open Market Committee, when he refused to provide any indication of what he was prepared to do to tame stubborn inflation, the chair on Wednesday presided over a unanimous decision to raise interest rates for the first time in three…”

“US Federal Reserve raises interest rates for the first time since 2023 The US Federal Reserve voted on Wednesday to raise interest rates for the first time since 2023 as the central bank continues to fight to tamp down inflation, from 3.75% to 4%.”

“In recent weeks, persistent inflation has started to have a domino effect in the US economy after a sell-off in the US bond market.”